SEC Pledges to Crack Down on Ponzi Schemes by 2025

rust in securities transactions. According to Agama, the SEC has a dual mandate of regulating and developing the capital market in Nigeria, with a focus on mainstreaming the Nigerian Capital Market into the economy in 2025.

Agama emphasized that enforcement is crucial for effective regulation and that the SEC is revamping its investigative processes to enhance efficiency and hold bad actors accountable more decisively. He also highlighted the importance of addressing insider trading to strengthen market fairness through better detection, prevention, and accountability mechanisms.

In order to boost investor confidence and uphold transparency in capital markets, the SEC plans to introduce measures that will ensure greater visibility and trust in securities transactions. By implementing these initiatives, the SEC aims to crack down on Ponzi schemes and promote accountability within the financial sector. This commitment is part of the SEC’s ongoing efforts to promote a robust and trustworthy investment environment for all stakeholders involved.